Leading crypto exchange Binance has announced upcoming support for scheduled network upgrades on MANTRA (OM) and MultiversX (EGLD) — two ecosystems focused on scalable, decentralized infrastructure.
The updates, set to roll out this week, are designed to enhance network performance, streamline transactions, and improve node synchronization for smoother user experiences.
According to Binance, trading activity for OM and EGLD will remain unaffected during the updates, while deposits and withdrawals will be temporarily paused as a precautionary measure.
The MANTRA (OM) network upgrade will occur first at block height 9,664,888, around 10:51 AM (UTC) on October 27, 2025. Deposits and withdrawals for OM will resume automatically once the network stabilizes.
Shortly after, MultiversX (EGLD) will implement its own upgrade on October 30, 2025, beginning at approximately 8:00 PM (UTC), with transfers temporarily disabled one hour prior. Binance clarified that users don’t need to perform any actions — the process will be handled automatically.
Why the Upgrades Matter
Both projects have faced a period of prolonged price stagnation in 2025, and the upcoming upgrades could serve as a turning point for investor sentiment. Network upgrades are often designed to increase transaction speed, optimize resource use, or strengthen node consensus mechanisms — key technical improvements that can spark renewed confidence, particularly when combined with broader market catalysts.
For Binance users, these maintenance windows reflect the platform’s ongoing efforts to support blockchain innovation while maintaining operational reliability and trading continuity.
OM Price Analysis: Market Confidence Still Fragile
The MANTRA (OM) chart paints a picture of sharp contrast — a once-promising surge followed by a catastrophic decline. As seen in the daily chart, OM experienced a massive price collapse in April 2025, plunging from near $8 to below $0.15 in a single move. Since then, the token has traded almost flat, showing limited signs of volatility or recovery momentum.
Currently priced at $0.116, OM has failed to regain significant traction, consolidating sideways within a tight range. The Relative Strength Index (RSI) hovers near 38, signaling that the asset remains in mildly bearish territory but not yet in oversold conditions. This suggests weak buying pressure with most traders remaining on the sidelines.
Meanwhile, the MACD indicator shows a neutral-to-negative setup — the lines have flattened, reflecting a lack of trend direction and diminishing market participation. Unless a strong volume spike or fundamental catalyst appears (such as successful upgrade completion or ecosystem expansion), OM could continue drifting in this accumulation zone through early November.
From a technical standpoint, the key support sits at $0.11, while resistance near $0.15 marks the first threshold bulls need to reclaim for any sustained recovery attempt.
EGLD Price Analysis: Bearish Momentum Persists Below $10
The MultiversX (EGLD) chart reflects a similar struggle. Once trading above $40 earlier in the year, EGLD has slid below the $10 mark, marking a dramatic retracement from its 2021–2022 highs.
As of writing, EGLD trades around $9.82, displaying muted price action following a brief dip last week. The RSI sits near 39, showing a mildly oversold reading consistent with fading momentum. Despite occasional bounces, the price has repeatedly failed to close above its descending resistance line — a sign that sellers still dominate the market.
The MACD histogram remains slightly negative but shows early signs of convergence. A bullish crossover on higher volume could signal the beginning of a short-term rebound; however, with limited liquidity and weak investor participation, the token remains vulnerable to further downside if the $9 support breaks.
For EGLD, the next major resistance level stands at $11.20, followed by $13.80 if momentum strengthens after the upgrade rollout.
Market Outlook: Patience Over Optimism
While Binance’s network upgrade support demonstrates confidence in both ecosystems, neither OM nor EGLD currently shows signs of strong technical recovery. The upgrades themselves may bring short-term volatility, but lasting momentum will likely depend on whether these projects can generate fresh utility or attract new institutional partnerships.
Both assets remain fundamentally sound in terms of project activity — MANTRA continues to expand its DeFi governance ecosystem, while MultiversX focuses on scaling decentralized applications and Web3 infrastructure. Still, the charts suggest investors are waiting for clearer macro signals before re-entering these markets in volume.
Conclusion
With two major network upgrades set to unfold this week, Binance once again reinforces its role as a reliable infrastructure partner for emerging blockchain projects. For traders, the short-term outlook on both OM and EGLD remains neutral-to-cautious, but any post-upgrade momentum could shift sentiment rapidly.
As both tokens attempt to stabilize after months of decline, the upcoming days may determine whether these upgrades can reignite confidence — or simply serve as another pause in an extended consolidation phase.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/binance-announces-support-for-mantra-om-and-multiversx-egld-network-upgrades/